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Terex Cranes Global Marketing
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TEREX CRANES PAYS TRIBUTE TO FERRUCCIO MORITSCH,

PIONEER AND INNOVATOR OF THE TOWER CRANE INDUSTRY

Zweibruecken, July 13, 2011 – Terex Cranes would like to pay tribute to the lifetime achievements of Ferruccio Moritsch, pioneer and innovator of the tower crane industry, who passed away at the age of 76 on Saturday 9th July, in Italy.

After founding Comedil in 1962 and Recom in 2004, Ferruccio consistently pioneered the tower crane industry worldwide throughout his lifetime with the development of a significant number of tower crane products and innovations marked notably by the launch of the first Hammerhead tower crane in 1965, the first Telescopic Self-Erecting tower crane in 1968, the first Luffing Boom tower crane in 1988, and the first extra large 40-tonne capacity Flat Top tower crane in 2005.

Acquired by Terex Corp., Comedil became part of Terex Cranes in 1999 where Ferruccio continued to share his outstanding experience and accomplishments with his daughter Martina, General Manager of Terex Cranes Global Tower Crane business, son Simone, Global Tower Crane Sales Director, and their team at the company‘s tower crane facility in Fontanafredda, PN, Italy.

Recom, that is partially Terex-owned since 2010, has been co-managed by Ferruccio’s first son Mariano, under his father’s leadership, over recent years.

Today, Ferruccio’s three children will continue to develop their father’s proud legacy under and in collaboration with the Terex Cranes brand.

The Terex Cranes team shares this difficult moment with the entire Moritsch family.

About Terex

Terex Corporation is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, energy, refining, and utility industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com.